THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY INC

EIN: 460238342 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$10,894,624
Total Expenses
$8,938,634
Total Assets
$15,422,219
Net Assets
$9,183,788
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
Principal Officer
S JILL BRYANT OD
Phone
7043329565
Tax Period
2023-01-01 to 2023-12-31

THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 18% operating margin.

Mission

THE MISSION OF THE NATIONAL BOARD OF EXAMINERS IN OPTOMETRY IS TO PROTECT THE PUBLIC BY DEVELOPING, ADMINISTERING, SCORING, AND REPORTING RESULTS OF VALID EXAMINATIONS THAT ASSESS COMPETENCY IN OPTOMETRY.

Program Service Accomplishments

Program 1
Expenses: $6,370,252 Revenue: $10,579,280

THE NBEO SERIES OF LICENSURE EXAMS CONSISTS OF THREE SEPARATE PARTS. PART I APPLIED BASIC SCIENCE (ABS) IS A MULTIPLE-CHOICE, COMPUTER-BASED EXAM THAT ASSESSES CANDIDATES' MASTERY OF THE UNDERLYING...

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THE NBEO SERIES OF LICENSURE EXAMS CONSISTS OF THREE SEPARATE PARTS. PART I APPLIED BASIC SCIENCE (ABS) IS A MULTIPLE-CHOICE, COMPUTER-BASED EXAM THAT ASSESSES CANDIDATES' MASTERY OF THE UNDERLYING BASIC SCIENCE CONCEPTS NECESSARY FOR ENTRY INTO OPTOMETRIC PRACTICE. PART II PATIENT ASSESSMENT AND MANAGEMENT (PAM) EXAMINATION ASSESSES CLINICAL THINKING AND DECISION-MAKING, ALONG WITH KNOWLEDGE OF DIAGNOSIS AND TREATMENT. THE PART II PAM EXAM IS ALSO A COMPUTER-BASED, MULTIPLE-CHOICE EXAM. CONTINUED ON SCHEDULE O.PART II PAM QUESTIONS FREQUENTLY ARE SHOWN AS PART OF AN OVERALL CASE WHEREIN CANDIDATES ARE GIVEN CLINICAL INFORMATION, SOMETIMES INCLUDING DIAGNOSTIC IMAGES. THE TREATMENT AND MANAGEMENT OF OCULAR DISEASE (TMOD) EXAMINATION CAN BE COMPLETED AS PART OF PART II PAM (EMBEDDED WITHIN THE EXAM) OR MAY BE TAKEN AS A STANDALONE EXAMINATION. PART III CLINICAL SKILLS EXAM (CSE), WHICH WILL BE RETIRED AT THE END OF THE 2023-2024 ADMINISTRATIVE YEAR, IS A PERFORMANCE-BASED EXAM WHEREIN EXAMINEES ARE REQUIRED TO PERFORM OPTOMETRIC CLINICAL SKILLS THAT REFLECT PRACTICE. THESE SKILLS ARE PERFORMED AT FOUR DIFFERENT STATIONS; ALL STATIONS RELY ON STANDARDIZED PATIENTS ON WHOM THE EXAMINEE PERFORMS THE SKILLS FOR EACH STATION. EACH STATION IS HOUSED WITHIN AN EXAMINATION ROOM THAT IS DESIGNED TO SIMULATE REAL-LIFE OPTOMETRIC EXAM ROOMS. THE EQUIPMENT, PLACEMENT OF MATERIALS, AND ROOM DIMENSIONS ARE STANDARDIZED, AND THE NBEO FOLLOWS A MULTILAYERED PROTOCOL FOR QUALITY ASSURANCE THROUGHOUT THE EXAMINATION PROCESS. BEGINNING IN AUGUST 2024, NBEO WILL OFFER THE PART III PATIENT ENCOUNTERS AND PERFORMANCE SKILLS (PEPS) EXAMINATION. THIS NEW, RESTRUCTURED PART III EXAM IS CONSISTENT WITH NBEO'S MISSION OF PUBLIC PROTECTION AND WILL COMPLEMENT THE PART I AND PART II EXAMS IN ASSESSING WHETHER CANDIDATES ARE QUALIFIED TO ENTER INTO THE INDEPENDENT PRACTICE OF OPTOMETRY. IT IS THE COMBINATION OF THESE THREE EXAMS THAT REPRESENTS OVERALL COMPETENCY AND ULTIMATELY ENABLES A CANDIDATE TO DEMONSTRATE THE OPTOMETRIC KNOWLEDGE AND SKILLS NECESSARY TO PRACTICE. PART III PEPS HAS BEEN DEVELOPED TO NOT ONLY EVALUATE ESSENTIAL SKILLS BUT ALSO TO MEASURE A CANDIDATE'S ABILITY TO APPLY EVIDENCE-BASED KNOWLEDGE TO PATIENT CARE. THE NEW EXAM MOVES BEYOND THE ASSESSMENT OF THE PHYSICAL ABILITY TO PERFORM THE SKILL TO ALSO MEASURE A CANDIDATE'S COGNITIVE ABILITY TO INTERPRET THE RESULT AND APPLY THAT KNOWLEDGE DIRECTLY TO PATIENT CARE. FOR INFORMATION ON THESE LICENSURE EXAMS AS WELL AS THE ADDITIONAL EXAMS OFFERED BY NBEO, PLEASE VISIT THE NBEO WEBSITE AT WWW.OPTOMETRY.ORG.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $119,230
Program Service Revenue $10,435,376
Investment Income $315,344
Other Revenue $24,674
TOTAL REVENUE $10,894,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,058,568
Fundraising Expenses $0
Program Expenses $6,370,252
Other Expenses $5,880,066
TOTAL EXPENSES $8,938,634

Year-over-Year Comparison

2023 2022 Change
Revenue $10,894,624 $9,173,202 +0.2%
Expenses $8,938,634 $8,028,607 +0.1%
Net Income $1,955,990 $1,144,595 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
79
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$418,311
Total Directors
8
$13,864
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL OHLSON OD VICE PRESIDENT 4.00
Officer Director
$2,575 $0 $2,575
SUSY YU OD MBA IMMEDIATE PAST PRESIDENT 4.00
Officer Director
$2,363 $0 $2,363
PATRICK O-NEILL OD MEMBER 4.00
Director
$2,538 $0 $2,538
KARLA ZADNIK OD PHD PRESIDENT 4.00
Officer Director
$1,750 $0 $1,750
JIM CAMPBELL OD MEMBER 4.00
Director
$2,713 $0 $2,713
JOSHUA BAKER MS OD MEMBER 4.00
Director
$1,925 $0 $1,925
LEWIS N REICH OD PHD SECRETARY/TREASURER 4.00
Officer Director
$0 $0 $0
JOHN R SICOTTE MBA MEMBER 4.00
Director
$0 $0 $0
STACY JILL BRYANT OD MPH EXECUTIVE DIRECTOR 40.00
Officer
$258,739 $32,789 $291,528
SELENE DAVIS CPA DIRECTOR OF FINANCE 40.00
Officer
$100,278 $19,817 $120,095
RICARDO E CASTILLO OD DO SR DIRECTOR OF CLINICAL EXAM 40.00
Highest
$139,911 $18,669 $158,580
NICOLE L JERGE OD DIRECTOR OF PART II 40.00
Highest
$147,913 $21,378 $169,291
NADIA SACHINSKI OD DIRECTOR OF PART I 40.00
Highest
$107,444 $14,856 $122,300
ROGER W VAN DEN BOSCH DIRECTOR OF IT 40.00
Highest
$126,215 $24,206 $150,421
WHITNEY BOUKNIGHT JD GENERAL COUNSEL 20.00
Highest
$133,519 $22,490 $156,009
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $10,894,624 $8,938,634 $15,422,219 $1,955,990
2022 $9,173,202 $8,028,607 $12,682,481 $1,144,595
2021 $8,491,894 $6,409,839 $11,195,013 $2,082,055
2020 $6,439,961 $6,028,913 $9,934,667 $411,048
2019 $6,992,906 $6,355,641 $8,347,624 $637,265
2018 $7,410,670 $8,388,827 $8,416,011 $-978,157
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